Innovation:Thrive or Survive?

AILGM, 2018

Mega trends you need to be across

Aoteroa - Our biggest challenges

1. Changing world order

2. Changing climate and sustainability

3. Future of work

4. Future of business

Innovation must be purposeful, meet a need

》 Evolutionary innovation -incremental advances in technology or processes

》 Revolutionary innovation which is radical, disruptive and new

Industrial Internet Revolution

How many of these are you actively testing now ?

Flow on effects of technology revolution

DE-MONESTISATION

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McKinsey analysis shows scale of impact

Source: McKinsey & Company

New leadership skills needed

Your local based potential eco-system partners also present you with challengesWhich of these trends do you think will impact your industry in the next ten years?

• 13% big data

• 13% 3D printing

• 23% automation

• 14% machine learning

• 39% cloud computing

• 44% improved connectivity MYOB SME Survey 2017

Scale-Up NZ is one of our key strategic initiatives to help connect the ecosystem

Raise the profile of innovative NZ companies, locally and globally

Build a dataset that will benefit the whole ecosystem

Enable the creation of an Innovation Index for NZ

Facilitate connections between innovative NZ companies, funders

and support organisations that enable their success

Driving Innovation: Questions to ask

》 Are you actively planning your workforce for transition to automation and up-skilling / re-skilling? Are you active in the global search for talent in new roles involving AI, Big Data, Blockchain for example?

》 Are you investing in preparing your leaders with new skills for leading through the industrial revolution?

》 Have you mapped your current and future eco-systems you will be operating in?

》 Actively planning your eco-system approach?》 Participation in hackathons, incubators and accelerators?》 Identification of relevant (international) eco-systems partnerships?

》 Do you need to proactively manage the ‘curse’ of domestic dominated markets?

Driving Innovation: Questions to ask

》 How are you talking about your industry? In today’s language or future? 》 How are global and sector mega trends impacting your future? 》 What level of R&D are you undertaking? Application of emerging

technologies to:》 New (and adjacent) products and service offerings》 New customer experience / interactions》 Operational efficiency / transformation》 Supply chain interactions and integrations》 Health and Safety》 New business models

》 Are you innovating simultaneously – product, operational, organisational?

Questions and Answers?